Weekly unemployment filings tick up to 898,000 last week

House Speaker Nancy Pelosi of Calif. speaks during a weekly news conference Thursday Oct. 1 2020 on Capitol Hill in Washington

The US Department of Labor says that the total of new applications for unemployment benefits, adjusted in light of seasonal factors, amounted to 898 thousand for the week ending on October 10, compared to 845 thousand in the previous week. Upon completion of the pause and the post-pause processing, the state will submit revised reports to reflect claims in the week during which they were filed.

More than 800,000 New Jersey workers will begin seeing federal unemployment benefits deposited as a lump sum in their bank accounts or debit cards early next week, Gov.

New weekly jobless claims have risen to their highest level since August, flashing a warning sign for the economy as a stimulus package falters and new coronavirus cases rise across the nation.

Jobless claims are a proxy for layoffs and have been closely watched as a signal for how the pandemic is influencing the economy. Many employers still aren't confident enough in their businesses or in their view of the economy to ramp up hiring.

The DOL said there was an average of 2,592 new unemployment claims per week in Maryland between December 28, 2019, and March 7. And interestingly, California had processed no such claims for unemployment benefits, and yet the number was so high.

Russian and Chinese Space Junk Narrowly Avoided a Collision Yesterday
These were the details of the news An out-of-service Russian satellite is prone to colliding with the remnants. for this day. In September, the United Kingdom government awarded more than $ 1 million to seven companies to deal with space debris.

The Garden State's unemployment rate dropped 4.4 percentage points, from 11.1% to 6.7%, in September, after shooting up to 16.8% in June.

And millions of Americans reported in September they believed that their jobs were gone - permanently. Pandemic Emergency Unemployment Compensation (PEUC), which provides 13 weeks of federal benefits for those who exhaust 26 weeks of state unemployment.

Treasury Secretary Steve Mnuchin on Thursday told CNBC the Trump administration is not giving up on economic relief and he'll keep up negotiations, but he once again cast doubt on any deal coming together before Election Day. Economists believe this will cause the unemployed to cut their spending which will in turn weaken the economy. Overall, Americans' saving rate remains sharply higher than pre-pandemic levels, suggesting that some people will be able to continue paying some bills out of their savings, at least for now.

Nationwide, on average, unemployment benefits replace about 33 percent of what recipients earned at their previous job.

Related News:



Most liked

Chrissy Teigen says she is doing okay after devastating miscarriage
Kate Beckinsale , who shared her own miscarriage story recently in support of Teigen , commented a bunch of heart emojis. Teigen, 34, was widely praised for publicly sharing the news about losing her baby.

Outdoor trick-or-treating can be safe with precautions: Dr. Tam
Halloween this year is really only for the kids, namely, those who want to go trick-or-treating. Decorate doors inside your house and let your little ones go trick-or-treating indoors.

Marvel's Avengers pushes back Kate Bishop DLC and delays next-gen launch
One of the highlights was the late game content that will introduce several new features. Marvel's Avengers is out now on Xbox One, PlayStation 4 and PC.

Oil slides on COVID-19 resurgence, strong USA dollar
Oil markets climbed for a third day despite a resurgence in COVID-19 infections across Europe potentially denting fuel demand. Analysts polled by S&P Global Platts expected the EIA to report a drop of 2.3 million barrels in US supplies for the week.

Samsung to launch Galaxy S21 series in January
Under the hood, the device comes powered by an octa-core Exynos 990 SoC coupled with up to 8GB of RAM & 256GB of storage. The Galaxy S20 FE can now be purchased in Thailand for the starting price of 18,810 baht ($603).

Navalny Poisoning: EU To Sanction 7 In Russia
Lavrov suggested that Moscow might even sever ties. "This is diplomatic practice", he said Wednesday. In response, the Kremlin promised a retaliation that would be in Russia's interest.

Australia reopens borders to New Zealand travellers
But those flying back to New Zealand still need to undertake mandatory hotel quarantine for 14 days, and pay for it themselves. Meanwhile, reaction to the news of the Kiwis caught in Melbourne was swift.

Jetpack sighted again above Los Angeles, this time at 6,000 feet
Try to think up the worst possible superhero and you'll land on the man in the jetpack who invades airspace in Los Angeles. The tower then warned another large jetliner, an Emirates flight, "there was a jetpack reported about 13 miles ahead".

Trump's son Barron tested positive for COVID-19, says Melania Trump
The First Lady said that she has since tested negative and is planning to return to her duties in the near future. President Trump and first lady Melania Trump at Cleveland Hopkins International Airport on September 29.

Stevie Nicks Recreates Viral "Cranberry Dreams" Moment With Roller Skates
She admitted she didn't find the period to be "terribly creative" and spent most of it "sitting around watching TV". I heard you talk about it and it's so joyful and fun.

England seeing 27900 new COVID cases per day - ONS survey
More studies seem to indicate there is some connection between a person's severity of COVID-19 symptoms and their blood type . This means that it's not clear how the relationship between blood type and Covid-19 works and any link may be coincidental.

Big global study finds remdesivir doesn't help COVID-19 patients
Participants received the treatment for 10 days, with 200 mg delivered on the first day and 100 mg for the subsequent days. Remdesivir is the only antiviral drug that has been authorized for treatment of Covid-19 patients in the US.

Ariana Grande & Timothee Chalamet Join Jennifer Lawrence In 'Don't Look Up'
And joining the award-winning funny-man and frequent Will Ferrell collaborator is an all-star cast for the ages. McKay is best known for helming films like Anchorman , The Big Short , Vice, The Other Guys among others.

Billie Eilish Surprises Fans by Rocking a Form-Fitting Outfit
As the photos have circulated on Twitter , Eilish has been body-shamed - though many people have jumped to her defense. Billie Eilish used her platform to uplift the normalization of real bodies.

Google launches new features to help locate nearest voting locations
Facebook recently followed Google's lead and is also pulling the plug on new political ads once the polls close. The firm is set to block ads related to the U.S. presidential election after polls close on November 3.